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Last updated : 10/11/2026 - 10h41
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Argan inaugurates in Sorigny a warehouse equipped for solar self-consumption for Danone, its new tenant

Argan and Danone inaugurated on 9 November 2026 a logistics platform developed by the property company on behalf of the food group, in the Isoparc of Sorigny (Indre-et-Loire). The event took place a few days before the mixed general meeting of 20 November, which is due to vote on the proposed merger with WDP.


Argan inaugurates in Sorigny a warehouse equipped for solar self-consumption for Danone, its new tenant

A cold-positive site equipped with a 580 kWp solar plant

The building covers 8,200 m², including 6,400 m² of cold-positive storage (2/6°C). It carries Argan’s AutOnom label, awarded to warehouses that produce their own energy for self-consumption.

Its roof hosts a photovoltaic plant of nearly 3,000 m², with a capacity of 580 kWp, supplemented by storage batteries with a capacity of 230 kWh. According to the press release, this installation will reduce the site’s CO₂ emissions by 35%.

For Philippe Amiotte, Danone’s real estate director, “producing and self-consuming renewable energy directly supports our commitment to reducing our environmental footprint”. The mayor of Sorigny, Alain Esnault, for his part described it as a “new positive step for the economic development of our area”.

Danone joins a portfolio of nearly 110 warehouses

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The warehouse was built to measure and pre-let, following Argan’s model, which supports its tenants from design through to the operation of the buildings. Danone thus joins the property company’s client portfolio, and Stéphane Cassagne, Argan’s Asset & Development director, said he wished to “initiate in this way a long-term relationship” with the group.

As of 30 June 2026, Argan’s portfolio totalled 3.9 million m² spread across nearly 110 warehouses located exclusively in metropolitan France. It was valued at €4.3 billion excluding transfer duties, for annualised rental income of around €224 million.

The property company will publish its fourth-quarter 2026 revenue on 4 January 2027, followed by its annual results on 21 January. This timetable is presented as indicative and subject to change, notably depending on the completion of the merger.



Sector Foncières / REITs › Immobilier commercial / foncières


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Context

Period
  • Period: 9M 2026
Key reported figures
  • Revenue: 166,2 millions d'euros
  • Quarterly revenue: 166,2 millions d'euros
Guidance from the release
  • raising its full-year 2026 rental income target
Risks mentioned
  • Dépendance vis-à-vis du timing de livraison des trois projets restants pour atteindre la cible annuelle
  • Risques de retard ou de révisions de coûts sur les projets en cours
  • Évolution des conditions économiques et du marché immobilier français affectant les rendements futurs
Opportunities identified
  • Seven developments delivered in 2026 with more than €150 million invested, generating strong lease contracts with long-term tenants
  • Three additional projects scheduled for remainder of 2026 for Jacky Perrenot, new client in Sorigny, and Jung Logistique
  • 99.9% EPRA occupancy rate demonstrating strong market demand and asset quality
Outlook / guidance
  • Expected revenue: 222 millions d'euros
  • Management commentary: ARGAN rehausse à nouveau son objectif annuel pour les revenus locatifs au titre de 2026 et vise au moins 222 M€, soit une progression de + 5 % par rapport à 2025.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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